Life insurance
Tong Yang Life's profit prospects strong under new ownership
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
Foundation Life (NZ) focuses on restructuring life insurance portfolio
If the proposed scheme is completed, the company is seen to cease insurance activities.
Profits of Sri Lankan insurers jump 35% YoY in Q1 2024
Its assets climbed 10.9% YoY.
FWD Life Vietnam’s H1 2024 profit soars 70% YoY
Year-to-date, it reported a loss of $232.5m.
Generali Vietnam’s net profit plunges in H1 2024
Total assets amounted to $281.5m.
Philippine general insurers’ net income expands to $90b in H1 2024
Total assets also increased by 6.86% YoY.
Life Insurance Corporation of India’s Q1 profit up 9.6% YoY
Total premium income for Q1 2024 stood at $1.4b.
Australia’s insurance Industry expands in January to March
Both the life and general insurance segment witnessed surges in profit.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
Pru Life UK nets $85m in new premiums this quarter
It also totalled $400m in premium income for variable life insurance products.
Meiji Yasuda to keep premiums modest in FY 2024 with 1.5% YoY rise
Despite the challenges, Meiji Yasuda's credit quality remains robust.
Max Life's profit jumps 46% YoY in Q1 FY25
Embedded Value also grew by 30% YoY.
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